![Purpose of Assignment
The purpose of this assignment is for students to learn how to apply
Operations Forecasting.
Assignment Steps
Resources: Microsoft® Excel® (Template provided)
Select a business operations dataset from the internet, which can be
used for forecasting what the results may be at a future state (monthly
[for two years], quarterly [for five years], annually [for 20 years].
(See example in the Template). Use caution in using the template, as
some of the cells contain formatted functions for performing
calculations. You should only need to enter data into Column A and B
only. Review the template and the associated data. This should give
you an idea of the types of data you will require, and what the results
columns reveal. You are required to provide an APA formatted
reference to the location of the source data (Do Not just enter the Web
Link). The returned work from previous week's work, should give you
some insight as to what an APA reference should look like.
Develop a run over a given period, upper limit and lower limit as to
confidence in the forecast using Microsoft® Excel®.Template](https://image.slidesharecdn.com/ops571-191226071937/85/OPS-571-Invent-Yourself-newtonhelp-com-65-320.jpg)
OPS 571 Invent Yourself /newtonhelp.com
- 1. OPS 571 Assignment Critical Path For more course tutorials visit www.newtonhelp.com a. Observe the critical path diagram. Why are there two arrows pointing to task F? b. Why is the critical path shown as A-B-E-G-I? How is the critical path defined? c. What would happen if activity F was revised to take 4 days instead of 2days? =============================================== OPS 571 Assignment Operations Forecasting (2 Set) For more course tutorials visit www.newtonhelp.com
- 2. Purpose of Assignment The purpose of this assignment is for students to learn how to apply Operations Forecasting. Assignment Steps Resources: Microsoft® Excel® Select a business operations dataset from the internet or other sources which can be used for forecasting in the University Library. Develop a minimum of three quantitative forecasts using Microsoft® Excel®. Compare and contrast each quantitative forecast you develop. Choose the one forecast you determine would be the best for the firm and be prepared to explain why you chose this. Evaluate the impact this forecast would have on the firm from a financial metrics standpoint. Develop a 700-word report in which you describe your forecasting project including details on all the assignment steps. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Assignment Week 5 Operations Forecasting (Fork and Hoe Company) For more course tutorials visit www.newtonhelp.com Purpose of Assignment The purpose of this assignment is for students to learn how to apply Operations Forecasting.
- 3. Assignment Steps Resources: Microsoft® Excel® Select a business operations dataset from the internet or other sources which can be used for forecasting in the University Library. Develop a minimum of three quantitative forecasts using Microsoft® Excel®. Compare and contrast each quantitative forecast you develop. Choose the one forecast you determine would be the best for the firm and be prepared to explain why you chose this. Evaluate the impact this forecast would have on the firm from a financial metrics standpoint. Develop a 700-word report in which you describe your forecasting project including details on all the assignment steps. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Assignment Week 5 Operations Forecasting (Tesla) For more course tutorials visit www.newtonhelp.com Purpose of Assignment The purpose of this assignment is for students to learn how to apply Operations Forecasting. Assignment Steps
- 4. Resources: Microsoft® Excel® Select a business operations dataset from the internet or other sources which can be used for forecasting in the University Library. Develop a minimum of three quantitative forecasts using Microsoft® Excel®. Compare and contrast each quantitative forecast you develop. Choose the one forecast you determine would be the best for the firm and be prepared to explain why you chose this. Evaluate the impact this forecast would have on the firm from a financial metrics standpoint. Develop a 700-word report in which you describe your forecasting project including details on all the assignment steps. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Entire Course (With New Final Guide) For more course tutorials visit www.newtonhelp.com OPS 571 Final Exam Guide New 2017 (Score 30/30) OPS 571 Week 1 Assignment Flowchart Improvement Process (2 Papers)
- 5. OPS 571 Week 2 Assignment Statistical Process Control Methods OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers) OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT) OPS 571 Week 4 Assignment Operations Consulting (2 PPT) OPS 571 Assignment Operations Forecasting (2 Set) OPS 571 Assignment Critical Path OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT) OPS 571 Week 6 Signature Assignment (2 Papers) OPS 571 Week 1 DQ 1 OPS 571 Week 1 DQ 2 OPS 571 Week 2 DQ 1 OPS 571 Week 2 DQ 2 OPS 571 Week 3 DQ 1 OPS 571 Week 4 DQ 1 OPS 571 Week 4 DQ 2 OPS 571 Week 5 DQ 1 OPS 571 Week 5 DQ 2 OPS 571 Week 6 DQ 1 OPS 571 Week 6 DQ 2 =============================================== OPS 571 Entire Course (Without Final Guide) For more course tutorials visit
- 6. www.newtonhelp.com OPS 571 Week 1 Assignment Flowchart Improvement Process (2 Papers) OPS 571 Week 2 Assignment Statistical Process Control Methods OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers) OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT) OPS 571 Week 4 Assignment Operations Consulting (2 PPT) OPS 571 Assignment Operations Forecasting (2 Set) OPS 571 Assignment Critical Path OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT) OPS 571 Week 6 Signature Assignment (2 Papers) OPS 571 Week 1 DQ 1 OPS 571 Week 1 DQ 2 OPS 571 Week 2 DQ 1 OPS 571 Week 2 DQ 2 OPS 571 Week 3 DQ 1 OPS 571 Week 4 DQ 1 OPS 571 Week 4 DQ 2 OPS 571 Week 5 DQ 1 OPS 571 Week 5 DQ 2 OPS 571 Week 6 DQ 1
- 7. OPS 571 Week 6 DQ 2 =============================================== OPS 571 Final Exam Guide (December,, 2019) For more course tutorials visit www.newtonhelp.com In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following? Responsive Agile Efficient Risk hedging Forward looking If annual demand is 12,000 units, annual holding cost is $15 per unit, and setup cost per order is $25, which of the following is the EOQ lot size? 1,000 1,200 200 300 2,000
- 8. Matching the production rate to the order rate by hiring and laying off employees as the order rate varies is which of the following pure production planning strategies? Minimizing inventory Stable workforce, variable work hours Level Chase Meeting demand Given a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value rev: 04_28_2014_QC_48598 1,130 970 1,000 1,070 1,030 Which of the following is not a problem definition tool from the operations consulting tool kit? Five forces model Gap analysis Customer surveys Issue trees Computer simulation A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here:
- 9. Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)? 12 days 11 days 10 days 13 days 9 days An activity where the parts that go into each unit of a product are periodically removed from inventory and accounted for based on the number of units produced is called which of the following? Frozen window Kanban Backflush Level schedule Group technology According to the theory of constraints, which of the following is a kind of time that makes up the cycle time in production? Quality time Research time Break time Just-in-time Idle time Which of the following is a priority rule used to schedule the sequence of jobs in a production operation? Parts on hand first First on hand first Last-come, first-served Longest slack time first Last complaint first
- 10. Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $2,267 $849 $1,200 $1,889 $2,400 Which of the following is a perpetual system for inventory management? The wheel of inventory First-in-first-out Fixed-time period P model Fixed-order quantity Which of the following address elimination of waste under lean production? Outsourced housekeeping Backflush Quality at the source Bottom-round management Info-matic warehouse networks Which of the following is a reason that there are disparities between a firm's learning curve rate and that of its industry? Learning curves don't reflect organizational learning. There may be procedural differences in the manner that different firms collect and report data. Companies don't always report sensitive data to outside agencies accurately. The starting points for different firms were different.
- 11. The cumulative number of units produced is different. For which of the following should we use an X-bar chart based on sample means to monitor process quality? Grades in a freshman "pass/fail" course Number of units with missing operations Tire pressures in an auto assembly plant Vehicles passing emissions inspection Computer software errors Which of the following are the three major components of a queuing system? rev: 02_17_2017_QC_CS-79354 The number of customers the system serves, the number of steps in the service system, and how quickly customers exit the system The number of servers, the service speed, and the waiting line The number of customers and how they arrive, how customers exit the system, and the service system The service speed, the queue discipline, and the waiting line The source population, how customers exit the system, and the queuing discipline Which of the following basic types of process structures is one in which equipment or work processes are arranged according to the progressive steps by which the product is made? Assembly line Continuous process Work center Project Manufacturing cell Which of the following is one of the three contrasting approaches to delivering on-site service?
- 12. Production-line approach Quality approach Professional approach Stock market approach Retail approach Which of the following is a measure of operations and supply management efficiency used by Wall Street? Current ratio Receivable turnover Financial leverage Earnings per share growth Dividend payout ratio When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? Inter-functional analysis Order qualifying Order winning Straddling Operations capability analysis Which of the following is a total measure of productivity? Output/(Labor + Capital + Energy) Output/Labor All of these Output/Materials Output/Inputs In the service-system design matrix, a face-to-face total customization service encounter is expected to have which of the following? Low degree of customer/server contact None of these Low production efficiency
- 13. High production efficiency Low sales opportunity We would expect to see in a manufacturing cell layout which of the following? None of these Long production setup times Large teams who collectively do a small part of a finished product A small team of workers who turn out complete units of work More in-process inventory Which of the following is a major factor that distinguishes service design and development from manufacturing design and development? Capacity decisions are much more critical in manufacturing operations. Manufacturing is far more capital intensive than services. The service process and service product can be developed independently. The service package has the same legal protection available to manufactured goods. The service package is the major output of the development process. The customer order decoupling point determines the position of what in the supply chain? Orders Transportation facilities Inventory Customers Manufacturing facilities
- 14. Machine breakdown and repair in a 12-machine factory having one repair mechanic would develop which type of queuing system line structure concerning machine breakdowns? Single channel, single phase None of these Multichannel, single phase Single channel, multiphase Multichannel, multiphase Assume the service rate for a queue in a truck-loading operation is 2 trucks per hour. Using the infinite queuing notion for the models presented in the textbook, which of the following is the average service time? 0.25 hour 0.5 hour 2 hours 1 hour None of these An assumption of learning curve theory is which of the following? Unit time will decrease at a decreasing rate. Unit time will hold constant. Unit time will increase at an increasing rate. Unit time will increase at a decreasing rate. Unit time will decrease at an increasing rate. The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933. The first and second timings of a person doing a job are 5 minutes and 3 minutes respectively. Which of the following is the learning-adjusted time estimate for unit number 25? 0.0933 minute 9.33 minutes 3 minutes 4.665 minutes 0.4665 minute
- 15. For which of the following should we use a p-chart to monitor process quality? Letter grades on a final examination Temperature of entrees in a restaurant Weight errors in cans of soup Errors in the length of a pencil Defective electrical switches You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation? 94 68 42 47 89 Which of the following is a fixed-order-quantity inventory model? P model Periodic replenishment model The ABC model Economic order quantity model Cycle counting model Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $1,889 $2,267
- 16. $849 $2,400 $1,200 Assume there are five jobs (i.e., A, B, C, D, and E) that need to be sequenced in a production schedule. The remaining operating time necessary for completion of job A is 4 days (i.e., job A will take 4 more days to complete), B will take 7 days, C will take 8 days, D will take 2 days, and E will take 5 days. Which job should be scheduled first if you use the SOT priority rule for job sequencing? E B C D A Which of the following is a "focusing step" of Dr. Eli Goldratt's theory of constraints? Reinforce system constraints. If you have no system constraints, make some. Identify system constraints. Reduce system constraints. Support system constraints In implementing a lean production system you should work with suppliers to do which of the following? Make frequent deliveries. Calculate lead times. Achieve bottom-round management. Freeze windows. Use quality circles. For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true? The slack for this activity is 20. The activity's late start must happen before its early start.
- 17. The activity is on the critical path. The duration of this task is 20. The duration of this task is zero. You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation? Pure project PERT Task force Functional project Matrix project Which of the following is not a principle of reengineering? Capture information many times, at the source and where it is interpreted. Treat geographically dispersed resources as though they were centralized. Merge information processing work into the work that produces the information. Link parallel activities instead of integrating their results. Organize around outcomes not tasks. Which of the following forecasting methodologies is considered a qualitative forecasting technique? Simple moving average Market research Exponential smoothing Linear regression Multiple regression A company wants to generate a forecast for unit demand for year 2014 using exponential smoothing. The actual demand in year 2013
- 18. was 120. The forecast demand in year 2013 was 110. Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2014 forecast value? 111 100 114 120 110 Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and allowing lost sales is which of the following production planning strategies? Full employment Stable workforce, variable work hours Skill maintenance Level Chase What are two of the main objectives of ERP? Transaction processing and logistic optimizing Resource tracking and master schedule planning Product tracking and customer invoicing Transaction processing and decision support If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity cushion? 133 percent 25 percent 100 units per hour 125 percent 75 percent Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following? A consistent lag of supply behind demand
- 19. Minimized carrying costs Minimized setup costs Minimized quality problems A just-in-time management philosophy A product tree can do which of the following? Help to compute component usage. Reduce product scrap. Reduce regular time labor. Locate raw material supplies. Reduce labor overtime. Very few products are moved without at least part of their journey being by which mode of transportation? Rail Highway Pipeline Water Air In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following? Responsive Efficient Agile Risk hedging Forward looking 1. Which of the following is a measure of operations and supply management efficiency used by Wall Street? Dividend payout ratio Receivable turnover Current ratio
- 20. Financial leverage Earnings per share growth 2. An activity-system map is which of the following? A diagram that shows how a company's strategy is delivered to customers A timeline displaying major planned events A network guide to route airlines A facility layout schematic noting what is done where A listing of activities that make up a project 3. Which of the following is a total measure of productivity? Output/Materials Output/Labor Output/(Labor + Capital + Energy) All of these Output/Inputs 4. Which of the following approaches to service design is characterized by having the customer take a greater role in the production of the service? Quality approach Self-service approach Production-line approach Do-it-yourself approach Personal-attention approach =============================================== OPS 571 Final Exam Guide (New, 2019)
- 21. For more course tutorials visit www.newtonhelp.com In Hau Lee's uncertainty framework to classify supply chains, a supply chain for functional products with a stable supply process is called which of the following? Responsive Agile Efficient Risk hedging Forward looking If annual demand is 12,000 units, annual holding cost is $15 per unit, and setup cost per order is $25, which of the following is the EOQ lot size? 1,000 1,200 200
- 22. 300 2,000 Matching the production rate to the order rate by hiring and laying off employees as the order rate varies is which of the following pure production planning strategies? Minimizing inventory Stable workforce, variable work hours Level Chase Meeting demand Given a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value rev: 04_28_2014_QC_48598 1,130 970 1,000
- 23. 1,070 1,030 Which of the following is not a problem definition tool from the operations consulting tool kit? Five forces model Gap analysis Customer surveys Issue trees Computer simulation A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented here:
- 24. Using CPM, what is the latest finish time for the last activity in this project (i.e., the total time to complete the project)? 12 days 11 days 10 days 13 days 9 days An activity where the parts that go into each unit of a product are periodically removed from inventory and accounted for based on the number of units produced is called which of the following? Frozen window Kanban Backflush Level schedule Group technology According to the theory of constraints, which of the following is a kind of time that makes up the cycle time in production?
- 25. Quality time Research time Break time Just-in-time Idle time Which of the following is a priority rule used to schedule the sequence of jobs in a production operation? Parts on hand first First on hand first Last-come, first-served Longest slack time first Last complaint first Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4?
- 26. $2,267 $849 $1,200 $1,889 $2,400 Which of the following is a perpetual system for inventory management? The wheel of inventory First-in-first-out Fixed-time period P model Fixed-order quantity Which of the following address elimination of waste under lean production? Outsourced housekeeping Backflush
- 27. Quality at the source Bottom-round management Info-matic warehouse networks Which of the following is a reason that there are disparities between a firm's learning curve rate and that of its industry? Learning curves don't reflect organizational learning. There may be procedural differences in the manner that different firms collect and report data. Companies don't always report sensitive data to outside agencies accurately. The starting points for different firms were different. The cumulative number of units produced is different. For which of the following should we use an X-bar chart based on sample means to monitor process quality? Grades in a freshman "pass/fail" course Number of units with missing operations Tire pressures in an auto assembly plant
- 28. Vehicles passing emissions inspection Computer software errors Which of the following is one of the three contrasting approaches to delivering on-site service? Production-line approach Quality approach Professional approach Stock market approach Retail approach Which of the following is a measure of operations and supply management efficiency used by Wall Street? Current ratio Receivable turnover Financial leverage Earnings per share growth
- 29. Dividend payout ratio When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called? Inter-functional analysis Order qualifying Order winning Straddling Operations capability analysis Which of the following is a total measure of productivity? Output/(Labor + Capital + Energy) Output/Labor All of these Output/Materials Output/Inputs In the service-system design matrix, a face-to-face total customization service encounter is expected to have which of the following?
- 30. Low degree of customer/server contact None of these Low production efficiency High production efficiency Low sales opportunity We would expect to see in a manufacturing cell layout which of the following? None of these Long production setup times Large teams who collectively do a small part of a finished product A small team of workers who turn out complete units of work More in-process inventory Which of the following is a major factor that distinguishes service design and development from manufacturing design and development? Capacity decisions are much more critical in manufacturing operations. Manufacturing is far more capital intensive than services.
- 31. The service process and service product can be developed independently. The service package has the same legal protection available to manufactured goods. The service package is the major output of the development process. The customer order decoupling point determines the position of what in the supply chain? Orders Transportation facilities Inventory Customers Manufacturing facilities Machine breakdown and repair in a 12-machine factory having one repair mechanic would develop which type of queuing system line structure concerning machine breakdowns?
- 32. Single channel, single phase None of these Multichannel, single phase Single channel, multiphase Multichannel, multiphase Assume the service rate for a queue in a truck-loading operation is 2 trucks per hour. Using the infinite queuing notion for the models presented in the textbook, which of the following is the average service time? 0.25 hour 0.5 hour 2 hours 1 hour None of these An assumption of learning curve theory is which of the following? Unit time will decrease at a decreasing rate. Unit time will hold constant. Unit time will increase at an increasing rate.
- 33. Unit time will increase at a decreasing rate. Unit time will decrease at an increasing rate. The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933. The first and second timings of a person doing a job are 5 minutes and 3 minutes respectively. Which of the following is the learning-adjusted time estimate for unit number 25? 0.0933 minute 9.33 minutes 3 minutes 4.665 minutes 0.4665 minute For which of the following should we use a p-chart to monitor process quality? Letter grades on a final examination Temperature of entrees in a restaurant Weight errors in cans of soup Errors in the length of a pencil Defective electrical switches
- 34. You have been called in as a consultant to set up a Kanban control system. The first thing to do is to determine the number of Kanban card sets needed. Your research shows that the expected demand during lead time for a particular component is 150 per hour. You estimate the safety stock should be set at 25 percent of the demand during lead time. The tote trays used as containers can hold 8 units of stock, and the lead time it takes to replenish an order is 2 hours. Which of the following is the number of Kanban card sets necessary to support this situation? 94 68 42 47 89 Which of the following is a fixed-order-quantity inventory model? P model Periodic replenishment model The ABC model Economic order quantity model Cycle counting model
- 35. Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 36,000 units, a cost per order of $80, and a holding cost per unit per year of $4? $1,889 $2,267 $849 $2,400 $1,200 Assume there are five jobs (i.e., A, B, C, D, and E) that need to be sequenced in a production schedule. The remaining operating time necessary for completion of job A is 4 days (i.e., job A will take 4 more days to complete), B will take 7 days, C will take 8 days, D will take 2 days, and E will take 5 days. Which job should be scheduled first if you use the SOT priority rule for job sequencing? E B C D A
- 36. Which of the following is a "focusing step" of Dr. Eli Goldratt's theory of constraints? Reinforce system constraints. If you have no system constraints, make some. Identify system constraints. Reduce system constraints. Support system constraints In implementing a lean production system you should work with suppliers to do which of the following? Make frequent deliveries. Calculate lead times. Achieve bottom-round management. Freeze windows. Use quality circles. For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true? The slack for this activity is 20.
- 37. The activity's late start must happen before its early start. The activity is on the critical path. The duration of this task is 20. The duration of this task is zero. You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of problems as they arise. You recognize that the project is going to take a lot of time and require a lot of team pride, motivation, and commitment by all members. Which project management structure should you use in this situation? Pure project PERT Task force Functional project Matrix project Which of the following is not a principle of reengineering? Capture information many times, at the source and where it is interpreted. Treat geographically dispersed resources as though they were centralized.
- 38. Merge information processing work into the work that produces the information. Link parallel activities instead of integrating their results. Organize around outcomes not tasks. Which of the following forecasting methodologies is considered a qualitative forecasting technique? Simple moving average Market research Exponential smoothing Linear regression Multiple regression A company wants to generate a forecast for unit demand for year 2014 using exponential smoothing. The actual demand in year 2013 was 120. The forecast demand in year 2013 was 110. Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2014 forecast value? 111 100
- 39. 114 120 110 Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and allowing lost sales is which of the following production planning strategies? Full employment Stable workforce, variable work hours Skill maintenance Level Chase What are two of the main objectives of ERP? Transaction processing and logistic optimizing Resource tracking and master schedule planning Product tracking and customer invoicing Transaction processing and decision support
- 40. If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 300 units, which of the following is the capacity cushion? 133 percent 25 percent 100 units per hour 125 percent 75 percent Under the lot-for-lot (L4L) lot sizing technique as used in MRP, we would expect which of the following? A consistent lag of supply behind demand Minimized carrying costs Minimized setup costs Minimized quality problems A just-in-time management philosophy A product tree can do which of the following? Help to compute component usage.
- 41. Reduce product scrap. Reduce regular time labor. Locate raw material supplies. Reduce labor overtime. Very few products are moved without at least part of their journey being by which mode of transportation? Rail Highway Pipeline Water Air In Hau Lee's uncertainty framework to classify supply chains, a supply chain for innovative products with an evolving supply process is called which of the following? Responsive Efficient Agile Risk hedging
- 42. Forward looking 1. Which of the following is a measure of operations and supply management efficiency used by Wall Street? Dividend payout ratio Receivable turnover Current ratio Financial leverage Earnings per share growth 2. An activity-system map is which of the following? A diagram that shows how a company's strategy is delivered to customers A timeline displaying major planned events A network guide to route airlines A facility layout schematic noting what is done where
- 43. A listing of activities that make up a project 3. Which of the following is a total measure of productivity? Output/Materials Output/Labor Output/(Labor + Capital + Energy) All of these Output/Inputs =============================================== OPS 571 Week 1 Assignment Flowchart Improvement Process (2 Papers) For more course tutorials visit www.newtonhelp.com
- 44. This Tutorial contains 2 Papers OPS 571 Week 1 Assignment Flowchart Improvement Process Purpose of Assignment The purpose of this assignment is for students to learn process flowcharting/improving a process and summarizing the results. Assignment Steps Resources: Microsoft® PowerPoint® (or other software such as Vizio, Word, etc.) Select a complex process from your personal life or work. Use Microsoft® PowerPoint® or other software including Vizio, Word, etc. to create a flowchart of the as-is process. Define metrics and measure the current process. Use process improvement techniques to improve the process. Use Microsoft® PowerPoint® or other software such as Vizio, Word, etc. to create an improved process flowchart. Use judgmental forecasting, which is your professional judgement, to ascertain how the future process will perform according to your metrics. Develop a 525-word executive summary in which you describe your process improvement project (including the as-is process flowchart and the improved process flowchart). Note: Students and faculty are reminded both Six Sigma readings and Lean Principles introduced in Week 2 are spread throughout the entire course. Students will apply the knowledge from the readings in their Learning Teams throughout the course. Format your assignment consistent with APA guidelines. =============================================== OPS 571 Week 1 DQ 1
- 45. For more course tutorials visit www.newtonhelp.com What are process flow structures? What structure does your organization rely on the most? How effective has the structure been in achieving organizational goals? =============================================== OPS 571 Week 1 DQ 2 For more course tutorials visit www.newtonhelp.com What are some factors that affect global business processes? How would these factors affect development of new processes? How are those factors different from those that affect local business process development? =============================================== OPS 571 Week 1 DQs (New)
- 46. For more course tutorials visit www.newtonhelp.com • What are the major concepts defining the field of operations and supply chain management? • What are some of the jobs and career opportunities in operations and supply chain management? (Chapter 1) • What is the definition of an operations and supply chain strategy? • How are these strategies implemented? • How do these strategies relate to business results of the firm? (Chapter 2) • What are the characteristics of a manufacturing process? • How are manufacturing processes organized and evaluated? (Chapter 7) • What are the characteristics of a service process?
- 47. • What are the different types of service processes? (Chapter 9) =============================================== OPS 571 Week 1 Individual Assignment Design a Flowchart for a Process (2 Flowchart) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Different Flowcharts/Paper Individual Assignment: Design a Flowchart for a Process · Select a process you perform daily but would like to spend less time doing, such as driving to work. Don’t use something as simple as combing your hair, reading email or taking a shower. Those will not give you enough data points to complete the assignments in latter weeks. Conversely don’t pick something too complicated like month end closing of the books. · Design a flowchart using an appropriate tool. Follow good flow charting techniques. · Comment on the factors that affect the process design. · Identify at least one metric to measure the process. · Submit your flowchart for the process. · Begin collecting data for the identified metric every day of the
- 48. workweek. You must submit the data collected at the end of each week. =============================================== OPS 571 Week 1 Individual Assignment Process Design Matrix and Summary (2 Papers) (New) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Set of Paper Complete the Process Design Matrix. Write an executive summary identifying appropriate design approaches for a selected product and service. Pick one service with which you are familiar. Complete three to five line items such as production line, self-service, or personal attention approach, on the Process Design Matrix. Pick one product with which you are familiar. Complete three to five line items such as Job shop, batch, assembly line, or continuous flow approach, on the Process Design Matrix. Required Elements: No more than 700 words Consistent with APA format
- 49. Submit Matrix with the Executive Summary Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Week 2 Assignment Statistical Process Control Methods For more course tutorials visit www.newtonhelp.com Purpose of Assignment The purpose of this assignment is for students to learn how to apply Statistical Process Control Methods to a business process. Assignment Steps Resources: Microsoft® Excel® and PowerPoint® Select a complex continuous process from your personal life or work. The process can be the same as in Week 1 assignment. Complete the following: Use Microsoft®Excel®to calculate the defined process metrics including variation and process capability. Use Microsoft®Excel®andPowerPoint®to develop and display a control chart for the process. Evaluate the control chart and process metrics using Statistical Process Control (SPC) methods. Evaluate whether the process could benefit from the use of Six Sigma tools.
- 50. Develop a 525-word executive summary in which you describe your Statistical Process Control project and include the control chart with SPC. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Week 2 DQ 1 For more course tutorials visit www.newtonhelp.com Week 2 Discussion Question 1 What is the learning curve and how can it be applied? Would the learning curve be appropriate for your organization? Explain your answer. =============================================== OPS 571 Week 2 DQ 2 For more course tutorials visit www.newtonhelp.com
- 51. Week 2 Discussion Question 2 What is Six Sigma? What are the advantages and disadvantages for implementing Six Sigma in your organization? Analyze special considerations and possible constraints of implementing Six Sigma in an internationalbusiness =============================================== OPS 571 Week 2 DQs For more course tutorials visit www.newtonhelp.com • What are the factors and keys influencing product design? • What are the design differences between manufacturing and service products? (Chapter 3) • What is the definition of an operations and supply chain strategy? (Chapter 12)
- 52. • Why does statistical quality control lead to improvements in many businesses? • How do you execute statistical quality control? (Chapter 13) =============================================== OPS 571 Week 2 Individual Assignment Process Designs and Supply Chains Presentation (2 PPT) (New) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Set of PPT This is part one of a two part assignment starting with an introductory look at process design and supply chains. Identify a company with which you are familiar. This could be your place of employment, a car wash, a yard service company, and so forth. Create an MS PowerPoint Presentation in which you describe the current state of your selected company's supply chain and an identified process. Required Elements:
- 53. Describe the company's supply chain Identify a process internal to the company that you wish to analyze. Describe the process internal to the company that you wish to analyze. Identify an appropriate design approach for the process you have chosen. Create a high-level AS IS process flow chart using an appropriate tool. Identify at least one metric to measure the process and its application (how, what, when, and who). Use an appropriate tool to collect data for each step of the process. PowerPoint includes 4-5 slides with detailed speaker notes. Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Week 3 DQ 1 For more course tutorials visit www.newtonhelp.com Week 3 Discussion Question 1 What is a safety stock and when should it be used? How have safety stocks been used in a global organization with which you are familiar? Were they relied upon appropriately? ===============================================
- 54. OPS 571 Week 3 DQ 2 For more course tutorials visit www.newtonhelp.com Week 3 Discussion Question 2 TOC advocates exploiting process bottlenecks. What does this mean? Provide at least two examples in business where this can be done effectively. =============================================== OPS 571 Week 3 Individual Assignment Lean Techniques (2 Papers) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Papers
- 55. Purpose of Assignment The purpose of this assignment is for students to evaluate the lean techniques applied to business in today's workforce. Note: Students and Faculty seeking more information on this assignment can refer to Ch. 14 of the Operations and Supply Chain Management textbook. Assignment Steps Select a business you are familiar with which incorporates lean manufacturing or lean supply chains. Evaluate how this firm uses lean strategies and how much lean techniques has improved the firm's efficiency. Evaluate ways the firm can go even further to make improvements using lean techniques. Use the results you obtained from evaluating this firm to apply to your own business or a business you are interested in which currently does not use lean. Develop a 1,050-word report in which you describe your lean evaluation project. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment =============================================== OPS 571 Week 3 Individual Assignment Process Designs and Supply Chains Presentation Part 2(2 PPT) (New) For more course tutorials visit www.newtonhelp.com
- 56. This Tutorial contains 2 Set of PPT Create an MS PowerPoint Presentationin which you evaluate the current state of the process you selected in Week Two and summarize the proposed future state. Required Elements: Evaluate the efficiency and effectiveness of the process selected in Week Two using the data collected. Determine areas for improvement Design an improved process flow chart using an appropriate tool. Summarize two items from this improved process. Include an explanation of how these items could be used in your personal or professional life to improve a process. PowerPoint should include 4-5 slides with detailed speaker notes. Click the Assignment FIles tab to submit your assignment. =============================================== OPS 571 Week 3 Team Assignment Practice Operations Simulation & Analysis, Part 1 For more course tutorials visit www.newtonhelp.com Week 3 - Practice Operations Simulation & Analysis, Part 1
- 57. Complete the Practice Operations Simulation in Connect. Each Learning Team member should complete Module 1 and Module 2. Take a screenshot of the results when completed. Share the results with the Learning Team. The screenshots of the results will be submitted along with the assignment. Create a 1,400-word analysis of the Learning Team's performance. In the analysis, be sure to do the following: Summarize the learning team members' results. Discuss the major decision points each team member made during Module 1 and Module 2 of the simulation and the effect this had on their performance in the modules. Explain how learning curve theory applied to the simulation. Evaluate the team member's results including selecting the best applications of inventory models and lean production. Defend the best options for performance based on the results of Module 1 and Module 2 among the team members and explain why these were the most efficient and effective. Format the assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Week 3 Team Six Sigma Yellow Belt Training (2 PPT)
- 58. For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Presentations of this Assignment Six Sigma Yellow Belt Training Purpose of Assignment The purpose of this assignment is for students to receive Six Sigma Yellow Belt Training - Executing DMAIC (Define, Measure Analyze, Improve, Control) Six Sigma Quality Improvement (define and measure) projects. Assignment Steps Resources: Microsoft® PowerPoint® Select a business where one of your team members works or one with which you are familiar to make sure you are able to gather data, and for which you can identify processes to improve. Execute the define phase of the Six Sigma DMAIC project including the following: • Identify customers and their priorities. • Identify a project suitable for Six Sigma efforts based on: o Business objectives. o Customer needs and feedback. For example, if the team chooses a fast food chain, they could observe and record defects with preparation and delivery of the food, cleaning of the restaurant inside and out, including
- 59. the rest rooms o Productivity of the operation and quality of service measured by such metrics as: wait times per each customer from the time the order is made until the customer is handed their food, customers served per hour per total number of employees, number of errors made in products served vs ordered, friendliness of the staff, and cleanliness of the operation; including inside the restaurant, outside, in the rest rooms, tables, floors, waste baskets, etc. • Identify and develop the problem statement. • Identify CTQs (critical-to-quality characteristics) the customer considers to have the most impact on quality. Execute the measure phase of the Six Sigma DMAIC project including the following: • Determine the metrics to measure the process and how it is performing. • Identify the key internal processes influencing CTQs and measure the defects currently generated relative to those processes. Develop a 12- to 15-slide Microsoft® PowerPoint® presentation, including detailed speaker notes, highlighting the summary in which you describe your work on the two phases of the Six Sigma process improvement project. Format your assignment as if you would be giving a presentation to senior management. Click the Assignment Files tab to submit your assignment. Note: Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment. ===============================================
- 60. OPS 571 Week 4 Assignment Operations Consulting (2 PPT) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Presentations Purpose of Assignment The purpose of this assignment is for students to learn how to develop an operations consulting proposal. Assignment Steps Resources: Operations and Supply Chain Management: Ch. 25, Microsoft® PowerPoint® Choose a business in the media having difficulties with its operating model or one which is struggling in your community. Evaluate how all or some of the items from the Operations Consulting Tool Kit in Operations and Supply Chain Management could help this business get back on track. Determine the resources and data you will need to deploy an operations consulting engagement with this business. Develop a business case including financial benefits on how operations consulting can have a positive impact on the business. Develop a 10- to 15-slide Microsoft® PowerPoint® presentation of an operations consulting engagement proposal to the Chief Operating Officer (COO) and Chief Executive Officer (CEO) of the target firm. Format your assignment consistent with APA guidelines. Click the Assignment Files tab to submit your assignment.
- 61. =============================================== OPS 571 Week 4 DQ 1 For more course tutorials visit www.newtonhelp.com Week 4 Discussion Question 1 How does capacity planning differ in service and manufacturing organizations? =============================================== OPS 571 Week 4 DQ 2 For more course tutorials visit www.newtonhelp.com Week 4 Discussion Question 2 What role does supply chain management play for organizations seeking to gain the competitive advantage? Would it be advantageous
- 62. for your organization to focus its efforts on improving its supply chain? =============================================== OPS 571 Week 4 Team Assignment Supply Chain Design Paper (2 Papers) (New) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Set of Paper Review the Riordan Manufacturing Virtual Organization. Write a paper of no more than 1,400-words that includes the following: Determine Riordan's manufacturing strategy (chase, level, or combination) and explain its benefits Create a process flow diagram for the electric fan supply chain Select two metrics to evaluate performance of the electric fan supply chain Describe the supplier relationship and the effects on the supply chain. As part of this consider the following: o Type of relationship o Supplier location, size of company, and financial stability o Metrics used to measure supplier performance (on-time delivery, defects, etc) o Supplier improvement strategies
- 63. Describe how lean production principles may be used to maximize the efficiency and effectiveness of the electric fan supply chain process Select a business forecasting technique (qualitative or quantitative) for the electric fans and describe the forecasting process to be used at Riordan Create a sales forecast for electric fans using selected techniques Develop Aggregate Production Plan, Master Schedule, and Materials Requirement Plans for electric fans based off the sales forecast. Be sure to include the following: The determination of inventory requirements of the electric fans component parts and finished goods The selection of an appropriate inventory system (fixed order quantity, two bin method, etc.) to meet inventory requirements Click the Assignment Files tab to submit your assignment. Begin working on the Week Six assignment. In Week Six, you propose and implement new process design and supply chain processes for the manufacturing of Riordan's electric fans. =============================================== OPS 571 Week 5 DQ 1 For more course tutorials visit www.newtonhelp.com
- 64. Week 5 Discussion Question 1 Does your organization use an enterprise resource planning (ERP) systems? If so does your organization rely on it and what influence does globalization have on your ERP? If not choose an ERP system and discuss why you believe this system can help your organization to improve efficiency and performance. =============================================== OPS 571 Week 5 DQ 2 For more course tutorials visit www.newtonhelp.com Week 5 Discussion Question 2 What role does competitive intelligence play in international business forecasting? Which qualitative techniques are most affected by international differences? =============================================== OPS 571 Week 5 Forecasting Assignment (New Syllabus) For more course tutorials visit www.newtonhelp.com
- 65. Purpose of Assignment The purpose of this assignment is for students to learn how to apply Operations Forecasting. Assignment Steps Resources: Microsoft® Excel® (Template provided) Select a business operations dataset from the internet, which can be used for forecasting what the results may be at a future state (monthly [for two years], quarterly [for five years], annually [for 20 years]. (See example in the Template). Use caution in using the template, as some of the cells contain formatted functions for performing calculations. You should only need to enter data into Column A and B only. Review the template and the associated data. This should give you an idea of the types of data you will require, and what the results columns reveal. You are required to provide an APA formatted reference to the location of the source data (Do Not just enter the Web Link). The returned work from previous week's work, should give you some insight as to what an APA reference should look like. Develop a run over a given period, upper limit and lower limit as to confidence in the forecast using Microsoft® Excel®.Template
- 66. Compare and contrast each quadrant of the forecast. Evaluate the impact this forecast would have on the firm from a financial metrics standpoint, by writing a 300-word report in which you describe your forecasting project and what it means in terms of favorable or unfavorable forecast and why or why not.. Format your assignment consistent with APA guidelines. =============================================== OPS 571 Week 5 Individual Assignment Project Management Recommendation (2 Papers) (New) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Set of Paper Review the Project Management email. Write an email response in which you address the following points: Determine which project might be implemented and why (e.g. feasibility study, breakeven analysis, etc). Describe the five phases of a project Describe the key deliverables associated with the selected project(s).
- 67. Click the Assignment Files tab to submit your assignment. =============================================== OPS 571 Week 5 Team Six Sigma Yellow Belt Training Part II (2 PPT) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Presentations of this Assignment Purpose of Assignment The purpose of this assignment is for students to receive Six Sigma Yellow Belt Training Executing DMAIC Six Sigma quality improvement (analyze, improve, and control) projects. Assignment Steps Resources: Microsoft® PowerPoint® Use the same business your team chose and has been observing and collecting data for the Week 3 Learning Team Assignment. Execute the analyze phase of the Six Sigma DMAIC project including the following: • Determine the most likely causes of defects. • Understand why defects are generated by identifying the key variables most likely to create process variation. • Identify necessary/unnecessary process steps. Execute the improve phase of the Six Sigma DMAIC project including the following:
- 68. • Identify means to remove the causes of defects. • Confirm the key variables and quantify their effects on the critical- to-quality characteristics (CTQs). • Identify the maximum acceptance ranges of the key variables and a system for measuring deviations of the variables. • Modify the process to stay within an acceptable range. Execute the control phase of the Six Sigma DMAIC project including the following: • Determine how to maintain the improvements. • Determine how to monitor and control improvements. • Put tools in place to ensure that the key variables remain within the maximum acceptance ranges under the modified process. Utilize all analytical tools available for Six Sigma as permitted or appropriate including, but not limited to: flowcharts, run charts, Pareto charts, checksheets, cause-and-effect diagrams, opportunity flow diagram, process control charts, failure mode and effect analysis (FMEA), design of experiments (DOE) and lean tools. Students can use templates located in the text or online sources. Develop a 10- to 15-slide Microsoft® PowerPoint® presentation, including talking points, highlighting your work on the three phases of the Six Sigma process improvement project. Format your assignment as if you would be giving a presentation to senior management. Compile the slides from the Week 3 Learning Team Assignment, "Improve and Control Phases," with your Week 5 slides into a final PowerPoint® presentation to be submitted for final credit. Click the Assignment Files tab to submit your assignment. Note: Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.
- 69. =============================================== OPS 571 Week 6 DQ 1 For more course tutorials visit www.newtonhelp.com Week 6 Discussion Question 1 What criteria must be used when considering where to locate a facility in the global business environment? What criteria does your organization consider when deciding the location of a facility? =============================================== OPS 571 Week 6 DQ 2 For more course tutorials visit www.newtonhelp.com Week 6 Discussion Question 2
- 70. What are the factors that affect international logistics? Which factor is the most important in your current industry and why? =============================================== OPS 571 Week 6 Signature Assignment (2 Papers) For more course tutorials visit www.newtonhelp.com This Tutorial contains 2 Papers of this Assignment About Your Signature Assignment This signature assignment is designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. The signature assignments may be graded with an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for program improvements. Purpose of Assignment The purpose of this assignment is for students to demonstrate mastery of operations management concepts and tools. Assignment Steps Develop a 700- to 1,050-word memo to a prospective employer outlining your credentials, including: taking this class, all of the projects you have done for this class individually and with your team, and their impact on the businesses you have engaged with so a senior
- 71. manager reading it would want to hire you as either an operations consultant or permanent employee. Summarize the business case for each project. Outline what you specifically accomplished, assuming these projects were implemented, and their estimated impacts on the business. Utilize the learnings from Week 6 to highlight your skills in global sourcing, procurement, and outsourcing which can also be of benefit to your target firm. Format your assignment as if you would be giving a presentation to senior management